Salesforce co-CEO Marc Benioff sold $53M in common stock

• Salesforce (NYSE:CRM) disclosed that its co-CEO Marc Benioff has sold 302K shares of common stock on 28 June 2022.
• As per regulatory filing, shares were sold in multiple transactions at prices ranging from $171.45 to $182.07 for total consideration of $53M as part of option exercise.
• Stock dips 2.3% premarket.
• A quick look at the company's ownership structure:
• CRM gets a Strong Buy rating from Wall Street Analysts whereas SA Quant rating system says to Hold.